Insider Sales at Splunk (SPLK) Extends the Selling Trend of Last Quarter

Friday, December 15, 2017 10:15 PM ET

Insider Sales at Splunk (SPLK) Extends the Selling Trend of Last Quarter

There was a notable level of share sales at Splunk today, as revealed in filings with the SEC. Four insiders — Merritt, Conte, Campione, and St Ledger — sold 29,369 shares in the company having a market value of approximately $2,354,164. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 59,524 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 88,893 shares and have averaged 11,112 shares per transaction over this time period.

The number of insider buy/sell trades at Splunk is above that of the 97 peer company average over the last 90-day period. The Software peer group saw 173 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Splunk insiders is lower than its peers. Within the peer group there were 1,058,104 shares purchased and 12,516,444 shares sold with company insiders having sold 66,233 shares on average over this time period.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Douglas Merritt, Director and Officer, sold 10,126 shares
* David F Conte, Officer, sold 6,993 shares
* Richard Campione, Officer, sold 7,500 shares
* Susan St Ledger, Officer, sold 4,750 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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